Baker Hughes Intrinsic Stock Value – Baker Hughes Reports Q2 FY2023 Earnings Results
August 24, 2023
🌥️Earnings Overview
For the second quarter of FY2023, ending June 30th 2023, Baker Hughes ($NASDAQ:BKR) reported total revenue of USD 6315.0 million, representing a 25.1% increase from the same period last year. Additionally, net income rose to USD 410.0 million, a 148.9% increase compared to the year prior.
Price History
On Wednesday, Baker Hughes reported their earnings results for the second quarter of fiscal year 2023. The company’s stock opened at $34.6 and closed at $35.2, reflecting an increase of 0.5% from their previous closing price of $35.0. This marks the fifth consecutive quarter of growth for the company, a testament to the company’s strong financial position and leadership in the industry. Overall, the results showed that Baker Hughes was able to achieve positive results in a challenging market environment. The company was able to increase revenues in both their upstream and downstream operations, as well as maintain a solid balance sheet.
Furthermore, they have been able to drive cost efficiencies through the leveraging of technology and increased collaboration, allowing them to remain competitive in the current market conditions. Going forward, Baker Hughes is confident in their ability to continue to meet the needs of their customers and deliver strong returns for their shareholders. They remain committed to providing innovative solutions that enable customers to maximize their efficiency and maximize their return on investments. As such, Baker Hughes is well-positioned to continue to be a successful and reliable partner for its customers. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Baker Hughes. More…
| Total Revenues | Net Income | Net Margin |
| 23.3k | 1.15k | 6.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Baker Hughes. More…
| Operations | Investing | Financing |
| 2.81k | -1.55k | -1.27k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Baker Hughes. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 36.09k | 20.83k | 14.99 |
Key Ratios Snapshot
Some of the financial key ratios for Baker Hughes are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.3% | 26.7% | 9.1% |
| FCF Margin | ROE | ROA |
| 7.4% | 8.9% | 3.7% |
Analysis – Baker Hughes Intrinsic Stock Value
At GoodWhale, we recently performed an analysis of Baker Hughes’ wellbeing. After carefully considering the company’s financials, our proprietary Valuation Line calculated the fair value of Baker Hughes’ share to be around $26.1. However, the current market value of the stock is $35.2, meaning it is overvalued by 34.7%. This suggests that investors should look elsewhere for better opportunities. More…
Peers
Baker Hughes Co is one of the world’s largest providers of oilfield services, products, technology and systems. The company’s operations are divided into four segments: Drilling and Evaluation, Completion and Production, Reservoir Development, and Oilfield and Industrial Services. Baker Hughes Co’s competitors include Diversified Oil and Gas Holdings Ltd, PetroVietnam Gas JSC, Orca Energy Group Inc.
– Diversified Oil and Gas Holdings Ltd ($OTCPK:DVFI)
PetroVietnam Gas JSC (PV Gas) is a Vietnam-based company engaged in the natural gas industry. The Company is a subsidiary of Vietnam National Oil and Gas Group (PetroVietnam), which holds approximately 61.03% stake in the Company. PV Gas is the largest natural gas transmission and distribution company in Vietnam. The Company’s main businesses include natural gas transmission, natural gas distribution, liquefied petroleum gas (LPG) trading and LPG storage. The Company operates a pipeline system with the total length of approximately 4,290 kilometers in Vietnam. As of December 31, 2011, the Company had eight subsidiaries, including Ba Ria-Vung Tau Gas Distribution Company Limited, Phu Quoc Gas Distribution Company Limited, Long An Gas Distribution Company Limited, Hau Giang Gas Distribution Company Limited, Ben Tre Gas Distribution Company Limited, Kien Giang Gas Distribution Company Limited, Bac Lieu Gas Distribution Company Limited and Ca Mau Gas Distribution Company Limited.
– PetroVietnam Gas JSC ($HOSE:GAS)
Orca Energy Group is an oil and gas exploration and production company with operations in the United States and Canada. The company has a market capitalization of $202.51 million and a return on equity of 47.19%. Orca Energy Group is focused on the development of unconventional oil and gas resources, including shale oil and gas. The company’s operations are concentrated in the Bakken and Three Forks formations in North Dakota and the Montney formation in British Columbia.
Summary
Baker Hughes, a leading provider of energy technology services, reported an impressive second quarter performance for FY2023, with total revenue of USD 6315.0 million, up 25.1% year-over-year, and net income of USD 410.0 million, up 148.9% from the previous year. Investors should be encouraged by this strong financial performance as it signals the company’s continued ability to generate growth and profitability. Over the long term, Baker Hughes’ focus on energy efficiency and automation could prove to be profitable, as it seeks to capitalize on the increasing demand for innovative technology solutions in the sector.
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